TheBanker
Long

USDCAD Market Analysis and Trading Tips 5th July 2016

FX_IDC:USDCAD   US DOLLAR / CANADIAN DOLLAR
5 months ago
SUMMARY:
The USDCAD             pair bounced slightly during the course of the day on Monday, using the 1.2830 level as support. At this point in time, the market is looking bullish . The primary trend of USDCAD             is bearish on charts and price is trading below its Resistance trend line in its 1 hourly chart. In its daily chart the price is sustaining above 50 day SMA that are appears on the above image indicating uptrend of the pair. It is having an important resistance at the level of 1.2891 Support at the level of 1.2866. If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.

INDICATORS:-
MACD is sustaining in its positive territory indicating the bullish trend in the pair.
RSI is sustaining in its buying zone indicating the upcoming positive trend in the pair.

STRATEGY:
USDCAD             is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions in it.



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5 months ago
Comment: Hope we're all enjoying this
5 months ago
Trade closed: target reached
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dead2live
5 months ago
Definitely!
+1 Reply
TheBanker PRO dead2live
5 months ago
:)
Reply
laurentg
5 months ago
almost to the finishline :)
+1 Reply
TheBanker PRO laurentg
5 months ago
Got there :)
Reply
Mr.Alias
5 months ago
awesomeness !
Reply
crncy PRO
4 months ago
UsdCad 4H S&D analysis
+1 Reply
TheBanker PRO crncy
4 months ago
Great chart, thanks for sharing and good luck
Reply
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